This Innovative Lockbox May Revolutionize the Real Estate Industry

November 11, 2016

3:30 pm

0 Shares

While the real estate industry is one of the most important industries in any country, technological innovations have yet to hit it hard. Other than a few apps, which can be dubbed as client management tools, the industry has not enjoyed a true technological revolution causing a huge impact.

However, that can very well on theverge of changing. A few months ago, Kickstarter witnessed the presentation of Toor, a lockbox that the creators claim to be “the smartest in the world” and “the next generation lockbox for buyers, sellers, renters, agents, inspectors, contractors, guests, hosts, and more”.

To better understand these claims, it’s important to understand how Toor works. It’s a key storage device and communication tool, powered by a mobile app. Other than storing keys, it can be used to shares notes, notifications, deliver instructions, and alerts with potential buyers and sellers.

With a sleek design, Toor features unique Bluetooth and cellular technology, making it a unique product in the market. It’s the only smart lockbox to offer a rechargeable battery, remote lock and unlock, and the possibility to track keys with RFID technology. The possibility of locking and unlocking it remotely provides realtors and clients with access to its contents as desired.

A good example of Toor’s usage is with people selling homes. Along with the app, Toor verifies the identity of buyers and/or agents before the seller approves a showing request. With this, sellers have total control over the sale and showing process, monitoring who enters the home and when. Also, with Toor’s functionality, it’s possible to allow potential buyers to check the house with no one physically supervising them, which is surely a novelty.

The company behind Toor also partnered with a leading ID verification software provider. The API of that provider is incorporated into Toor’s platform, making it possible to, among other things, detect and compare faces, and check for forgeries.

The app is also an important part of the whole system. In it, buyers can simply login and search for real estate according to different specifications and filters. If they find anything interesting, they can also use the app to request a showing, whether the seller/agent is or is not present, and the approval arrives within a matter of seconds.

Toor can also be used for other purposes, such as safely leaving a spare key outside a house, or letting trusted delivery or service people enter a house when the owners are away.

This product truly has the potential to cause a revolution in the industry of real estate, and the Kickstarter campaign showed that it sparks an interest on customers. If you want to know even more about Toor, it will soon be featured on ABC’s Shark Tank, so make sure you tune in.